An on-chain address increased its ZEC short position again on March 17-18, currently holding approximately 17,157 ZEC with unrealized losses of $800,000, making it the largest short on-chain. The address has been consistently shorting ZEC and previously experienced significant unrealized losses before gradually turning profitable. The address also holds short positions on ETH.

Citigroup has lowered its price forecasts for Bitcoin and Ethereum over the next 12 months due to the stagnation of U.S. cryptocurrency market legislation, with the Bitcoin target price reduced to $112,000 and Ethereum to $3,175, and has also revised down its expectations for ETF demand. Regulatory developments have a significant impact on the market.

Data from Xinfire Research Institute shows that from March 11-18, the Nasdaq index declined 1.26%, Bitcoin rose 5.66%, and Ethereum gained 13%. The Fear and Greed Index has exited the extreme fear zone. The Federal Reserve will release statements related to rate cuts tomorrow.

On March 18, Bitcoin consolidated at higher levels, and HYPE surged above $42. Trader "Maji" reduced HYPE long positions and increased BTC long positions, with total holdings reaching $33.61 million, profiting $2.4 million over the past week. Positions include ETH, BTC, and HYPE.

Gate News report: On March 18, according to on-chain analyst Ai Yi (@ai_9684xtpa) monitoring, 5 new addresses withdrew a total of 29,598 ETH from a certain CEX 8 hours ago, valued at approximately $68.94 million, with an average withdrawal price of $2,329 per ETH.

Gate News bot message, Grayscale staked 19,200 ETH worth $44.6 million 8 hours ago. The transaction represents a significant stake in Ethereum by the digital asset management firm.

Gate News report: On March 17, according to Lookonchain monitoring, as of press time, Bitcoin ETF net inflows reached 2,955 BTC (valued at $219 million), Ethereum ETF net inflows reached 7,894 ETH (valued at $18.5 million), and SOL ETF net inflows reached 24,020 SOL (valued at $2.27 million).

Gate News bot message, Gate market display: ETH has broken through 2350 USDT, with the current price at 2350.19 USDT.

Gate News reported that on March 17, according to Lookonchain monitoring, today's US Bitcoin ETF net inflows were 2955 BTC, Ethereum ETF net inflows were 7894 ETH, and Solana ETF net inflows were 24020 SOL.

Gate News: On March 17, according to Arkham monitoring, Grayscale transferred a total of 6511 ETH to a certain CEX address approximately 1 hour ago, valued at approximately $15.08 million.